R/€ = 17.34 Change: -0.04
R/$ = 14.59 Change: -0.03
Au 1814.19 $/oz Change: -1.17
Pt 1051.85 $/oz Change: -26.65


MC Mining’s Uitkomst lifts second-quarter output by 208% y/y

By: Donna Slater     30th July 2021 JSE-, Aim- and ASX-listed coal explorer and miner MC Mining reports that its Uitkomst colliery had produced 127 927 t of run-of-mine coal in the second quarter of this year – a 208% year-on-year increase. Production during the comparative period in 2020 was limited as a result of the South... 

Ancient sites, sacred snake raise risks for Australian resources

By: Bloomberg     30th July 2021 Sacred sites, endangered sawfish and mythical rainbow serpents are the latest challenges confronting commodities powerhouse Australia as the nation’s top mining companies meet for their biggest annual conference. Since the destruction last year by Rio Tinto Group of a 46 000-year-old Aboriginal... 

Russia mulls pegging tax on mining firms to global metals prices - Interfax

By: Reuters     30th July 2021 Russia is considering pegging a mineral extraction tax (MET) levied on its metals producers to the global price of their products from 2022, the Interfax news agency reported on Friday, citing Deputy Finance Minister Alexei Sazanov. Moscow has been trying to protect its defence and construction... 

Anglo American, iron-ore export line, PGMs make headlines   

30th July 2021 Mining Weekly Editor Martin Creamer unpacks Anglo American’s record half-year financial performance; Transnet & Kumba Iron Ore working to refurbish the iron-ore export line; and Anglo American Platinum eyeing computing and food technology as areas of opportunity for Platinum Group Metals.   

Water crisis threatens iron-ore transport on key Brazil river

By: Bloomberg     30th July 2021 Drought is making one of Brazil’s most important river systems unnavigable, making it more challenging and costly for the commodities powerhouse to get grains and iron-ore out to global markets. The Parana River Basin in central Brazil is experiencing its worst water crisis in 91 years,... 

Govt expands ARENA footprint

By: Esmarie Iannucci     30th July 2021 The resources sector has welcomed the federal government’s decision to expand the functions of the Australian Renewable Energy Agency (ARENA) to support the next generation of low emissions technologies that will reduce emissions and create new economic opportunities and jobs. New regulations... 

Industrial properties remain resilient

By: Nadine Ramdass     30th July 2021 The industrial real estate sector has shown resilience during a period that has proven to be most volatile for the office property and retail sectors, says JSE-listed real estate investment trust Redefine Properties national asset manager for industrial Johann Nell. The resilience is a result of... 

Govt has ‘gone a long way’ towards allaying fears of future looting in KZN – Toyota

By: Irma Venter     30th July 2021 Toyota South Africa Motors (TSAM) has confirmed the authenticity of a letter from its head office in Japan to Durban mayor Mxolisi Kaunda, dated July 15, requesting that local government set out its proposed measures to stop the widespread looting seen in KwaZulu-Natal earlier this month, as well... 

CAMASA and GDED conclude three year collaboration agreement

30th July 2021 The Gauteng Department of Economic Development (GDED) envisions a radical transformation to modernise and reindustrialise the economy in Gauteng, manifesting in decent work, economic inclusion and equity. To pursue this vision, the GDED establishes appropriate partnerships for delivery and... 

EcoGraf's expansion plans raise interest

By: Esmarie Iannucci     29th July 2021 The Australian government’s export credit agency Export Finance Australia has given ASX-listed EcoGraf a non-binding letter of support to secure a $35-million loan facility for the planned expansion of its battery anode material facility, in Western Australia. Production capacity for EcoGraf’s... 

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